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race, lost the majority of americans voting and a house. they lost two seats in the senate. mitt romney got 47% of the popular vote. that, ladies and gentlemen, is a devastating defeat. >> republicans hold the house and the house -- >> lost a majority of the popular vote -- >> under our constitution, there is a house, senate, and a presidency. >> susan rice's never-ending sunday talk show nightmare. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign by agreeing to go on the sunday shows. -- to present the administration's position. >> main republican senator susan collins after hearing from u.n. ambassador susan rice on capitol hill. she also tried to tie susan rice to the 1998 embassy bombings in kenya and tanzania. now, for a while it looked like senators graham mccain were going to give her past, but then she went up there to talk to these folks. why would she do that, nina? >> i don't know, but they keep moving the bar on her. initially they said did not
folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will sit down for a post-election chitchat with the prince of awkward, the king of tilted conversation and uncomfortabled one-liners, mitt romney. is there a role for mittens in obama world? >> the president noted that governor romney did a terrific job running the olympics and that skill set lends itself to ideas that could make the federal government work better which is a passion of the president's which he's requested reorganization authority from the congress do just that. >> translation, mitt romney may oversee the installation of a new color coded filing system in the white house. thanks for play, governor. and anyway, charm offenses aside the president knows that his real audience is with the american people. according to most recent "the washington post"/abc news poll 60% support his position on taxes while only 37% oppose it. and when you're up 23 points
date for mitt romney, going to the white house to meet with president obama. >> making a run for it, a zebra and a pony. those are real pictures. welcome to "early start." this was sent to us yesterday. they said this is a serious and true story. i said no way. it is. john berman is hosting "starting point" at 7:00, it's now 5:00 a.m. in the east. first 33 days until we reach the fiscal cliff and things are heating up on capitol hill. tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the president himself not sitting down and talking with lawmakers, but timothy geithner will be on capitol hill and other senior level members of the administration trying t
president obama and mitt romney's first face to face meeting since the election. >>> and hostess wants to give its top execs nearly $2 million worth of bonuses as thousands of workers are losing their jobs. join our conversation on twitter. find us @newsnation. [ "odd couple" theme plays ] humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> developing right now, we are about 45 minutes away from a united nations general assembly session that will result in a historic vote on palestinian statehood. there have already been rallies today in the palestinian territories in support of a resolution upgrading the palestinian's u.n. status to a nonmember state. the resolution is expected to win overwhelming approval in the general assembly despite strong opposition by the u.s. and israel. here's israeli
>>> and white house lunch, president obama d mitt romney face to face for the first time since the campaign, tonight, how it went and what happened. >>> and tonight, the powerball winners, what we know, and who they are, and the secret code that could be in the numbers. nightly news begins now. >>> good evening, at a time when so many people are still suffering, right now tonight more than one month after a monster storm hit a giant population center, today we learned some facts about how this earth is changing and how fast. for starters, polar ice sheets in greenland are melting at five times the pace, than just a few years ago. new research shows that antarctica is melting. while it takes a lot of ice to melt the ocean levels they say that is in fact what is happening. and they believe just an incremental rise in the ocean levels made the damage worse when hurricane sandy hit the east coast and took so much away from us. the big question is the future, of course, and a new kind of normal for all of those living along the water. it is where we begin tonight, our chief environm
romney had lunch with president obama over at the white house. and in the middle east, joy and flag waving because of an impending decision at the united nations. i'll ask israel's ambassador to the united states why he thinks -- why his country thinks the u.n.'s possibly interaction is a bad idea. i'm wolf blitzer. you're in "the situation room." >>> we begin with today's hard words in the negotiations to avoid the so-called fiscal cliff. that steep across the board spending cut and tax increase scheduled to hit in just 33 days. in a scathing assessment today, the speaker of the house john boehner says there's been no substantive progress on a deal. need to realize there can be no deal without tax rates going up for top earners. let's go live to our chief white house correspondent jessica yellin. she's got more on the latest developments. tough talk from both sides, jessica. >> reporter: tough talk and some bright lines, wolf. on the same day that treasury secretary tim geithner went to capitol hill to meet with both democrats and republicans to talk about these negotiations, there
that, you know, that was the argument that mitt romney made, and he lost. and keep in mind, it's not just that president obama won, but the exit polls showed that half of the folks who voted for governor romney agreed with obama, that taxes on the high-income folks had to go up. so the challenge on the republican side, and it is tough, is folks like kevin mccarthy did get elected. and in his district, his no-tax pledge worked for him. these guys are in a very tough spot because they know at the end of the day they're going to have to raise these taxes. but doing so will cause an immense amount of political pain. that's why in my view, it's probably likely that we won't get a deal before january 1st. but on january 3rd, the senate sends a bill over. where now we're voting on a bill to lower taxes. the norquist pledge becomes irrelevant. in fact, they comply with the norquist pledge by voting for a bill that would provide tax relief for 98% of americans. so i just think this is a very difficult political situation on the republican side. you know, the speaker clearly knows that r
power lunch of 2012. president obama and mitt romney meeting for the frts time privately since the campaign after having been together serve times overall, including three debates. ruth marcus, and kristin welker. kristin what are they saying about the private lunch? not much, i guess? >> reporter: not a lot, andrea. they're tamping down expectations. jay carney saying there's no formal agenda to this lunch. of course president obama, during his victory speech in chicago, said he wanted to sit down, talk to mitt romney about his views how to move the country forward. you have to assume that would include a robust discussion of the fiscal cliff, given that is what lawmakers are talking about now. mitt romney just arrived here. we're not expecting anything huge to come out of this meeting. no appointment. for example, to the cabinet. but the president certainly, i think, hoping to engage in a serious conversation. this, as you point out, will be just the seventh time that these two have sat down after what was really a bruising fight during the election. this is really about sort
romney agreed to stay in touch following their face-to-face sit-down at the white house. the two met privately yesterday over lunch to share ideas about solving challenges facing the nation. they also discussed the possibility of working together in the future. the white house described the meeting as friendly. as the former rivals shared a meal of light turkey chili and chicken salad. >>> former president george h.w. bush is expected to be released from a houston hospital this weekend after suffering complications from bronchitis. the former president is making his second extended stay at a hospital this month for a lingering cough that doctors hope to prevent from becoming pneumonia. aides say the 88-year-old feels good enough to go home, but doctors aren't taking any chances, keeping him until the cough is completely gone. >>> in a stinging diplomatic defeat for the u.s. and israel, the united nations has voted overwhelmingly to recognize palestine as a nonmember observer state. in the west bank city of ramallah, hundreds celebrated the vote in the main square. the resolution stil
. mitt romney dreamed of living in the white house. he's at least going to settle in for a lunch date tomorrow. >>> a pack of cigarettes could have a new look with new language about what tobacco companies did to hide the risks of smoking. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best
. president obama and mitt romney just wrapped up lunch in the private dining room at the white house. i want you to watch closely because we caught romney's arrival and there's romney. leaving the white house. about 20 minutes ago. the president first mentioned plans to meet with romney in the election night vingt ri speech talking about it again in the first post-election news conference. >> there may be ideas that he has with respect to jobs and growth that can help middle class families that i want to hear so, you know, i'm not either prejudging what he's interested in doing nor am i suggesting i've got some specific assignment but what i want to do is get ideas from him and see if there's some ways that we can potentially work together. >> that sounds all well and good and adult, doesn't it, candy crowley? our political correspondent. and anchor of cnn's "state of the union." oh, to be a fly on the wall at that meeting. >> i know. >> lasted an hour and a half? >> yeah, yeah. >> do you think it was more of a bury the hatchet or a courtesy call-type of meeting more than substance? >> first
, power lunch. president obama and mitt romney behind closed doors. >> i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >> how's that working out? has the gop learned any lessons for 2016? my political all-stars go head-to-head. >>> and the vote that could derail peace in the middle east. what the palestinians are gaining, what israel thinks it's losing. i'll talk to both sides. >>> and why a top senate democrat calls the vote provocative and reckless. >>> plus, a return of the most feared man in boxing. iron mike tyson. unvarnished, as always. >> i never had any happiness. >> mike tyson on the state of america -- >> the republican party has to somehow change. >> -- to the state of lindsey lohan. >> she's not as bad as i was but she's catching up. >> this is "piers morgan tonight." >>> good evening. you're looking at palestinians celebrating in the streets of ramallah after a history-making vote at the u.n. it granted status to nonmember observer state. what does that really mean to both sides? i will talk to t
romney, who ran on the platform of not raising taxes lost and the speaker knows he has to do it. the problem is, his members ran on the platform opposing tax increases and they won. so, he's got the challenge of trying to persuade people who are against tax increases who ran and won on that platform doing what the speaker knows ultimately has to be done and that's raise revenue from the top 2% of this deal. >> correct me if i'm wrong but based on what i read and what i heard with regards to the math. if you close loopholes and limit deductions, you still cannot generate the kind of revenue that would arrive at 1.6 or even $1.2 trillion. is that correct? >> i'm not sure about that. if you do loopholes and you do tax rate increases, i believe you can -- >> rate increases, yes, but not deductions. >> rate increases. >> so, the rates have to go up. >> that's correct. i think they do. if you want to get to the number the president's talking or even close to it. the loopholes. if we can clean up the tax code, everyone is in favor of that. making it simpler, clearer and it probably won
at home at fox news, they sent a picture from the white house of the president meeting with mitt romney this afternoon. they visited for an hour over lunch in a private meeting adjacent to the oval office and when there is a winner and a loser in an election, each time it happens, whoever the president is, has whoever he beat into the white house for a talk and each time that happens the people who used to be for the guy who lost are like, well, that is how they are acting today but this happens, consult your history book or your dvr and they are meeting and talking and the president said, mitt romney fixed the olympics and he is a good business hand and i want his input, which really makes sense. anyway, mitt romney congratulated the president for the success of his campaign and wished him well. they made a pledge to stay in town particularly in opportunities to work together or shared interests arise in the future. their lunch menu included kite murkty chili and sworn grilled chicken salad but, back in the day everyone said they didn't like each other, at all, remember? that was the w
on the wealthy. >>> with the election behind them, president obama and mitt romney had lunch together tonight at the white house. cameras got a glimpse at mitt romney. the lunch was private. it lasted over an hour and the white house said the president did not have an agenda here. the president prompted to meet with mitt romney to discuss how they could work together. and the menu, the white house said white turkey chilly and southwestern grilled chicken salad. >>> fewer americans filed unemployment claims last week. 393,000 people filed for jobless claims. it was the second straight decline. the u.s. labor market has been showing signs of improvement after more hiring and fewer job cuts. >>> on wall street today, the dow is up 36 to 13,021. the nasdaq is up 20 at 3,012. the s&p is up 6 at 1,415. >>> we have just learned that one of last night's powerball winners is expected to come forward tomorrow. the jackpot was $588 million. that is the highest ever for powerball. officials say one ticket was sold in arizona, another in missouri. the winners could each take $192 million before taxes. >>>
cain got a meeting. and as for mitt romney, he got a meal. the president treated mr. romney to a lunch of southwestern grilled chicken and, wait for it, white turkey chili. white turkey chili. who knew the white house had such a good sense of humor. gotta go everything, thanks, see you tomorrow. >> eliot: good evening. i'm eliot spitzer. this is "viewpoint." the white house confronted republican leaders today with a new vision of how the country should navigate what we at "viewpoint" prefer to call the fiscal slope or austerity bomb. the white house proposal wasn't well received. treasury secretary timothy geithner met with house speaker john boehner and laid out a detailed list from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. stil
right. today the president invites romney for lunch at white house. during his victory speech election night he said he would reach out to romney. white house said it's no specific agenda for the meeting but the president will talk about romney's ideas for making the government more efficient. >>> first lady has revealed the white house christmas decorations. she said this year's theme is joy for all. >> the joy of giving and service to others, the joy of sharing our blessings with one another and of course the joy of welcoming our friends and families as guests in to our homes over these next several weeks. >> now the guests invited to the white house were military families and their children. that's beautiful. this year the white house has 54 christmas trees. volunteers take care of the decorations, the largest tree features decorations made by children whose parents are stationed overseas. >> night of the two record powerball winners have come forward yet but when they do they will share $579 million. tickets were sold, the winning tickets in arizona and in the kansas city, misso
agree to raise revenue. you can cap deductions for individuals and mitt romney debate idea, eliminate specific loopholes or raise marginal rates. any indication which of those three they might support and if there are enough votes within their conference on the house side to vote for any of those ideas? >> hard to say. they're not saying very much specific as you just're certainly not saying much specific about what they want in return for increased revenues. what exact entitlement cuts they want. they may be saying something privately but they're not saying anything publicly. you know i think that obama obviously wants the marginal rates increased. he's really kind of drawing a line in the sand on that. a few republicans tom cole is the most notable one but a couple more today, i noticed came out and said they think their party should consider that. if we get a drip, drip, drip on that, a few a day a few a week, then maybe maybe there will be a chance by the end of december that enough republicans will go
, romney, who said we should just have them self-deport. that is pack your bags and leave. millions of american citizen children have undocumented parents. thousands of americans are married to undocumented spouses. look, it's a destructive force our broken immigration system. but i don't think that -- in that sense it's a step in the right direction because what the senator is saying is they can stay. it's a realization that they're not simply going to disappear one day and leave the country. and that they have a rightful place in the united states of america. what we'd like to say and one of our principles as we've articulated today is we want them to be citizens of the united states and we want them to have a clear path to that. now, i understand when the senator says that they should be put at the back of the line. i get that part. look, that's why you have to do comprehensive immigration reform. because under comprehensive immigration reform we say there should be no backlog. there should be no permanent resident. there should be no citizen who has petitioned for their wife or
mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward. the winning numbers, 5, 16, 22, 23, 29 and powerball 6. the winners will split a jackpot of more than $587 million. second largest in u.s. lottery history. later in the broadcast, a report from anna warner on the down side to lottery fever. addictive gambling. that's later on this morning. this morning the west coast is getting ready for the second of three back-to-back storm systems, the so-called pineapple weather system started in the hawaiian islands. some call it a train. a mix of powerful torrential rains and strong winds. it has knocked down power lines and trees in northern california yesterday. a second more power
. the president's lunch with mitt romney, the united nations note on palestine. all this as joe biden was christmas shopping. >>> and some amazing random acts of kindness. good morning, everyone. i'm lynn berry. and today the first of the two grand prize powerball winners will come forward to reveal themselves and have their lives change forever. and there's also buzz about a potential code within the winning numbers. nbc's kerry sanders has that story. >> reporter: in tiny dearborn, missouri, where just about everyone knows everyone, the question is was it one of their own who bought a winning powerball ticket? >> it's exciting, very exciting. we never, ever thought that we would sell the winning ticket, and here it is. we did. >> reporter: folks in this farming community just off interstate 70 are now trying to figure out if the winning numbers were chosen with meaning. dearborn is but 35 miles north of kansas city, home of the royals baseball team. those winning lottery numbers? they match royals' hall of famers, brett, gubiza, jackson, leonard, quizenbury. the one outlier, bo jack
. >>> the white house has released this photo of the president and romney shaking hands. >>> over the strong objections of the united states, the u.n. voted to give rights to palestine. the united nations general assembly voted by a 2/3 majority to recognize the state of palestine. secretary of the state hillary clinton called vote counter productive. >>> a s.w.a.t. team surrounded the home of joseph francis quarry. officers rushed cory when he had come outside of his house to take in his dogs. >>> today actress lindsay lohan faces new charges. the 26-year-old faces third degree charges. showing you here lohan leaving the police station hidden under a jacket. lohan was charged for three misdemeanors in an accident where her porsche crashed. >>> the marin independent journey says a park will be built right next to city hall and would require demolition of an old building. the building would include a statute of yoda. they also call for a statute of indiana jones. >>> one of two winners will share a record $188 million power ball lottery. a missouri lottery official says they have confirmed t
will have lunch in just a few hours with mitt romney. it will be the first time they have met face to face since the final debate shortly before this month's election. the event will be held at the white house. it is private, no aides present, no media, just the president and the former gop nominee. they will hash it out. >> should be interesting. >> maybe he will bring mitt into the fold. who knows. >> we'll see. >>> just from the labor department the number of americans filing first time unemployment claims fell last week. the decline comes as impact of superstorm sandy eases a bit. this morning, stock futures are moving higher on encouraging news from washington on the "fiscal cliff" issue. ashley morrison of cbsmoneywatch.com joins us. good morning, ashley. >> reporter: good morning, to you, frank and michelle. asian markets got a lift this morning on growing optimism from debt talks in washington. tokyo's nikkei rose 1% while hong kong's hang seng also gained about 1%. the improvingometer mitchell on the "fiscal cliff" gave wall street a boost, as well. the dow added 106 points after
. tonight, mitt romney drops by the white house for a bite to eat with the president. plus, history as the united nations gets palestinians an upgrade and recognition as a palestinian state. it's a major change in status for the palestinian people. >> i think this is very important day for palestinians. >> shepard: but the united states and israel fiercely fought the shift. >> this is a provocative, unhealthy step that could undermine the peace process. >> it's a huge set back for the prospects of restarting peace talks with israel. >> shepard: tonight, what this means for the entire mideast. plus, two winning tickets for the record-setting power ball jackpot. >> the power ball jackpot winner in arizona will split the prize with the other winner in missouri. >> shepard: so who are those mystery winners? and executives at the twinkies manufacturer got big pay hikes last year even as the company was fighting to stay afloat. now with hostess brands heading down the tubes and how sands out of work. some of those execs are coming back for more. but first from fox this thursday night, thi
. remember this guy? eric hartsford said he tattooed the mitt romney, paul rayon logo on his face. of course the election is over and so is the fun apparently. the indiana man plans to have the tattoo removed from his face. he said a gop supporter paid him $15,000 to get that tattoo and he kept it until after the election. [ male announcer ] humana and walmart have teamed up to bring you a low-priced medicare prescription drug plan. with a low $18.50 monthly plan premium, select generic hypertension drugs for only a penny and in-store copays as low as one dollar on other generic drugs after deductible, saving on your medicare prescriptions is easy. so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details. >>> a little shaking going on there in times square. now to our three big money headlines. sandy's impact. buyers are back. and a big bake sale. joining me live now forbes staff writer morgan brennan. >> good morning. >> first off let's talk about hurricane sandy which took quite a toll on consumer spending. the commerce depar
much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president hosted a kind of "bury the hatchet" lunch at the white house. the two men promised to work together on shared concerns if the opportunity arises. the united nations voted overwhelmingly this afternoon to recognize the palestinian territories as a state. something palestinians have as a sight. something palestinians have sought for generations, but a diplomatic setback for the u.s. and israel. th the territories on the west bank, the jordan river, and along the gaza strip are home to palestinians displaced by the war that created israel in 1948. today's vote doesn't create an independent palestine. that would have to come in negotiations with israel. jim axelrod is at the u.n. for us tonight. jim. >> reporter: well, scott, the palestinian authority become just the second non-member state designated by the united nations. the vatican is the other. the palestinians are viewing this elevation of status as an historic step, j
. short of capturing medicare, that we know is off the table. even at mitt romney denied that one. if republicans insist on spending cuts being part of the down payment, the onus is on them to come forward with ideas. containsdent's budget 300 billion in savings. it is silly to think the president will negotiate with himself on entitlements. we done that would not happen. we are waiting for specifics somewhere from republican colleagues to show they're serious on negotiations. >> three weeks ago people sent a message, democrats to our set candidates and built campaigns are run the idea of budgets have to work for middle-class. republican campaigns were clear, too. their commitment to protecting the rich, the ryan but it was on the ballot and it was rejected. the american people voted for candidates who committed to fighting for the middle-class. it was clear they agreed with democrats the what they have to participate and pay the fair share. it is finally encouraging to hear republicans are too soft and rhetoric when it comes to crashes on the rich. i am hopeful the to the a lesso
romney. he really should be sitting down having lunches with john boehner, friendly lunches. that's what peggy noonan writes because they got to get a deal and they're growing further and further apart. it looks like we're about to sail over the cliff. you know what? rush limbaugh said yesterday that that is exactly what the democrats want to happen. >> welfare state, santa claus is what secures votes for them. the welfare state is what guarantees a permanent underclass, which they need. so we if over the cliff. it's a win. everybody's taxes go up. you need that revenue to pay for your welfare state. in addition, what else happens? you get cuts in the military! you don't think a democrat likes that? if -- believe me democrats can't wait for military cuts, defense cuts. my whole life that's the only thing they want to cut! here it is just waiting for them. it's already done. all we have to do is go over the cliff! >> steve: yep. >> gretchen: there is a lot of relevancy to that because who won the presidential el
mitt romney for lunch their first post election meeting. >>shepard: could the split derail things? >>reporter: it could. the president had in the other soundbite a growing number of republicans that are saying, well, maybe they should go back on their pledges to not raise taxes. you have erskine bowles saying, wait, there is a 2-3 chance we will go over the fiscal cliff which will rattle the market. speaker boehner said he doesn't want to go over the cliff but if the president accident put out spending cuts he could be ready. >> we have had a spending crisis coming at us like a freight train. it has to be dealt with. >>reporter: republican senator coburn today said if congress doesn't settle all of this the markets will. what he means, if they cannot figure out this bickering, we are going to see the markets react in a violent way and some of the lawmakers believe congress will come back in session and fix all of this. >>shepard: isn't there is simple way out, ed, tax cuts are going to expire. no one has to do anything. they expire. then republicans don't have to go back on the pl
.6 back from clinton, but something to get a deal jump started. mitt romney was here for lunch the first meeting since after the election and it was awkward and the menu included turkey chili and a white house readout said they promised to "keep in touch" if the opportunity arises where their interests intersect, maybe another way of saying not so much. >>neil: turkey chili. >>guest: healthy. >>neil: it is. and you are healthy. they are not close to a deal? they aren't close to a deal? what is the deal? we don't know. when we get a deal, and they will, it will be because of something we don't see, not something we did see. ask any sports agent, many negotiations have turned on an offer no one saw coming, would knows that better than super agent, the man who represents nfl greats such as lawrence taylor and others. everyone has to come away feeling like they got something. >>guest: no question. no question. i don't think any negotiation or rarely does one side -- do they feel you got everything, no, but maybe 90 percent rule, you get 90 percent of what you hoped you feel good. >>neil: wha
by no less than $400 billion. and on the sidelines, the president hosted his defeated rival, mitt romney, at a private lunch today. mr. obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is pal
in the oval office with his foreman opponent, mitt romney. according to some it was a private launch the featured turkey chili and the actual conversation that never happened while two presidential nominees are come paining against each other, they pledge to keep in touch and maybe even work together all that according to what happened behind closed doors, the two men themselves never faced reporters. as you look that the picture, we will go to the independent line. caller: hello. hi, i'd like to know what happened to the cuts to the military spending. we're hearing about these entitlement cuts but whabbed what about the medical taxpayer cuts? when are we actually going to see returns from that? and what about the savings we were supposed to get they called it affordable care act not obama, where are the savings? all we're seeing is more taxes, but i'm not seeing where are the doubts our big-budget items like the military. host: all that was mentioned as far as the $4 billion and entitlements. >> but where is the military cuts? host: what do you think about what is put out on the tab
of the election there. the mitt romney people pretty much told a lot of us they were confident it was going to be a long night and that they would win. i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who the voters are going to the polls? >> oh, i don't think it's just a republican problem. i think if you look at rasmussen, gallup and a number of other pollsters out there, they all got it wrong. i think i was one of the few people on the right saying the polls weren't wrong and e vis rated by friends for saying that. at some point you have to realize the data's not lying. >> let me just say, i want to sort of unravel that a bit. we know gallup certainl
and exposing hidden camera video of mitt romney saying 47% of voters see themselves as victims. >> the turning point was when our grandson revealed that the governor had talked about 47%, i think that was a real turning point. and james has made us all very proud. he's the most famous carter now. and he was born in the white house. when we had only been there for a month. he lived four years in the white house. so he's, was very eager to help. probably was the single-most important factor in the whole election. was what james did reveal. >> the 39th president also has predictions for washington. >> both republicans and democrats learned a lot from this election. and i think one of the things they learned is that the people want them to cooperate whenever possible. they, republicans will come around on the deficit, because of the economic you know, cliff that we're hanging over. i think they'll do that. i don't think there's any doubt that the republicans will cooperate on immigration reform. they've learned how important the hispanic vote is and african-american vote. >> having gotten politics
campaigned on raising tax rates. you know, it was the big issue between him and romney and they said just as he had to cave after your victory in the 2010 mid-terms, now it's your turn to cave on tax rates. >> listen, what's the difference where the money comes from? we put $800 billion worth of revenue, which is what he's asking for, out of eliminating the top two tax rates. but here's the problem, chris. when you go and increase tax rates, you make it more difficult for our economy to grow. half of that income is small business income. it's going to get taxed at a higher rate. as a result we are going to see slower economic growth. we aren't going to be able to cut our way out of this problem, nor can we just grow our way out of the problem. we have to have a balanced approach. what the president wants to do is slow our economy at a time he wants the economy to grow and create jobs. >> the white house says that while you have given this kind of talk about, well, let's close loopholes, let's limit deductions, you haven't offered any specifics, have you? >> we've laid it all out for him a
is the fact that warren buffett, mitt romney, other people, derive most of their income from capital gains which are taxed at a 15% rate. that is not a loophole. that is a statutory intent of the tax code. and what you have then is the incredible amassing of wealth. liz: good. change that, you get $5 billion. change that, do that, let's do it and take it off the table. do this. you get $5 billion. >> i would love it. liz: how will that help you? >> washington is not, has not made it happen. washington has not been able to do it. liz: do you know the "buffett rule" would reduce the 10-year deficit under president obama's budget by .7 of 1%? you're talking about is .7 of 1%. this argument is about .7 of 1%. why do we keep having this conversation instead after conversation about controlling spending, about really closing this gap or doing something else to really close this gap? i mean i just wonder why this conversation keeps coming to the fore instead of one that would solve the problem? to me it is about pitting people in this country against each other which is not going to get us anywhe
of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the an
requested the hearing to ask that the charges against him be dismissed. >>> mitt romney and president obama promising to stay in touch. the formal rivals spent an hour discussing ideas to. a source tells cnn there's no discussion for a roll for romney in the obama administration. just a civil lunch. >>> a truck goes into a bar -- no, this is not the set up to a joke, folks. take a look at the result. police say the driver of a snap-on tools truck lost control, knocked off a fire hydrant and crashed through a place called pete's cocktails. it left an 11-foot wide hole in the wall. you can see water rocketing into the air. the good news is everyone was okay. >>> after sandy, a stroke of luck for a man affected by the superstorm. joel was heading to work when he stopped to check his power ball ticket. he was one of 58 people who came up one number short of the big jackpot. >> put it in the machine. he said you're a winner. not only that, you won $1 million. >> several other lotto winners hit the $33 million megamillions. >> that's great. 38 minutes past the hour. >>> the cars of the future and
the election they thought mitt romney was going to win six states by five and six points he'd lost. you guys need to recalibrate a little bit there, tony. >> it's not about polling. it's about what the effect will be on the economy. just to be clear -- >> it's about getting real about where we are and what's going on here. not deluding yourself about that. >> i agree. but we shouldn't get deluded about things like the impact it's going to have on december spending, too, karen. remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want to talk about, i'll begin with you tony on this. i'm sure you saw that photo making the rounds this week of house committee chairmen? what
think. we've asked most americans. and by the way, people who voted for mitt romney will tell you, do not cut my social security and medicare benefits. they don't want that, and it's not because they're stupid or greedy, as alan simpson would like to make them out to be, it's because in this country retiring with some level of security is something that people have worked all their lives deserve in this country and something that should be a priority. mr. ellison: well, let me quote mr. blankfein of goldman sachs. he says, quote, you're going to have to do something undoubtedly to lower people's expectations of what they're going to get. the entitlements. and what people think they're going to get, because you're not going to get it. that's what he said. now, this gentleman is a c.e.o. of a firm that receives tens of billions of dollars -- ms. schakowsky: tens of billions. mr. ellison: tens of billions of dollars from direct money and indirect money through access to the fed at lowered rates and now has the -- ms. schakowsky: audacity. mr. ellison: audacity is the only word you can us
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